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Podcast

Hasu & Hart on Oval & The Recapturing of Billions in DeFi Liquidations

The solution is complex, but necessary
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Feb 13, 2024 • 1 min read

Today on the show, we’re talking about Oval, a new DeFi primitive that Hart Lambur from UMA is introducing to the world of DeFi’s biggest lending markets. Billions of dollars have been liquidated from protocols like Aave, Compound, and MakerDAO over the years, and these liquidations have been extremely inefficiently priced, due to reasons! Reasons that we will discuss here on the show today.

Hasu also joins us on this conversation today to discuss the way that MEV share from Flashbots is a part of this conversation, and he helps illuminate what this means for DeFi going forward as a whole.

TIMESTAMPS

0:00 Intro

7:15 MEV & Oracle Foundations

11:19 Why Solving MEV is Important

21:16 High-Level Patterns

28:19 The Oval Mechanism

42:23 MEV Share Parameters

48:36 Decentralization of the MEV Share

54:30 Auction Length

56:08 Oval B/D Adoption

58:05 Uniswap v4

1:02:31 Oval Cut Upside

1:05:45 Future Questions to be Answered

1:08:42 Closing & Disclaimers

RESOURCES

What is SUAVE? FlashBots Phil Daian and Andrew Miller explain

https://youtu.be/j3ZM2ZdUWXU

Oval

https://uma.xyz/

https://twitter.com/UMAprotocol

Hart

https://twitter.com/hal2001

Hasu

https://twitter.com/hasufl

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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